Citigroup Inc. Increases Holdings in Gibraltar Industries, Inc. $ROCK

Citigroup Inc. grew its holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK) by 28.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 70,531 shares of the construction company’s stock after acquiring an additional 15,555 shares during the quarter. Citigroup Inc. owned about 0.24% of Gibraltar Industries worth $4,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new stake in Gibraltar Industries during the third quarter worth approximately $634,000. Los Angeles Capital Management LLC acquired a new position in shares of Gibraltar Industries in the 2nd quarter valued at $616,000. Summit Global Investments purchased a new position in shares of Gibraltar Industries in the 2nd quarter valued at $1,010,000. Teacher Retirement System of Texas raised its stake in Gibraltar Industries by 294.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 73,524 shares of the construction company’s stock worth $4,617,000 after acquiring an additional 54,895 shares in the last quarter. Finally, Robeco Schweiz AG purchased a new stake in Gibraltar Industries in the third quarter valued at $11,304,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ROCK has been the topic of several research reports. CJS Securities raised Gibraltar Industries to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research cut Gibraltar Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gibraltar Industries in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Gibraltar Industries Stock Down 1.8%

Shares of ROCK stock opened at $43.05 on Thursday. The stock’s 50-day moving average price is $51.67 and its 200 day moving average price is $56.53. The stock has a market capitalization of $1.27 billion, a PE ratio of -28.70, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. Gibraltar Industries, Inc. has a 52-week low of $42.86 and a 52-week high of $75.08.

Gibraltar Industries (NASDAQ:ROCK) last announced its earnings results on Thursday, February 26th. The construction company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Gibraltar Industries had a positive return on equity of 12.05% and a negative net margin of 3.76%.The company had revenue of $268.69 million for the quarter, compared to the consensus estimate of $265.13 million. During the same period last year, the business posted $1.01 EPS. The company’s revenue was up 16.0% on a year-over-year basis. Gibraltar Industries has set its FY 2026 guidance at 3.650-4.050 EPS. Analysts expect that Gibraltar Industries, Inc. will post 4.91 earnings per share for the current fiscal year.

Gibraltar Industries Profile

Gibraltar Industries, Inc (NASDAQ: ROCK) is a leading manufacturer of building products and infrastructure solutions for the residential, commercial, industrial and utility markets. The company designs, engineers and markets a broad portfolio of highly engineered products to reinforce structures, improve energy efficiency and enhance safety and durability. Gibraltar’s Building Products segment includes metal roofing, siding, ventilation and structural support systems for homes and light commercial facilities, while its Infrastructure Solutions segment supplies transmission and distribution hardware, storm response equipment and renewable energy supports to utility and civil markets.

In the Building Products segment, Gibraltar offers metal and composite solutions such as roof and siding panels, deck and solar shading supports, chimney and venting systems, railings and fencing.